The NEA RateSmart® Card
The lowest rate of any NEA credit card. You’ll get a low intro APR offer and then enjoy a competitive APR. Feel secure with zero liability fraud protection, chip card technology and digital wallet compatibility.
The NEA Personal Loan Program for teachers and educators can help you consolidate higher-interest debt or cover major purchases that may be a little out of reach. Whether you’re planning a wedding, remodeling your kitchen, replacing home furnishings, or you want to roll your credit card balances into one easy payment, this loan of up to $30,000 can help.1
how it helps
Get affordable monthly payments and Fixed For Life rates from 10.99% APR to 18.99% APR2 on NEA personal loans, no collateral required.
Get a free NEA personal loan consultation by speaking with a dedicated loan specialist who understands how this loan can benefit teachers and can answer all of your questions.
NEA members receive preferred pricing for personal loans for teachers and a 0.25% interest rate discount when they choose to enroll in autopay. Plus, you have 45 days to cancel the loan and return the funds for any reason without penalty.
How It Works
Before you apply
Before beginning the application process, you should be able to answer "Yes" to each of the following statements:
Yes, my credit history is clear of bankruptcy and late payments.
Yes, by requesting this loan, I agree that FNBO may obtain credit reports for purposes of processing my request for this loan and for later purposes related to my loan such as reviewing, updating and renewing it, and collecting.
Yes, I have received, reviewed, and agree to the general terms (Key Information on Your Loan) that will apply to my loan. The specific term of your loan (APR, Payment, and Term) will be established and disclosed during a separate phone call after your application has been received if you qualify.
We’ve partnered with FNBO because they are committed to strengthening their communities of teachers and educators. As part of that commitment, they support initiatives related to adult basic education, vocational and employability training, financial and life-skills education as well as youth educational programs and support. Since 2015, FNBO has invested more than $5 million in organizations across their eight-state footprint who provide programs that support these initiatives.
How does $0 sound? For instance, if your debt balance is $15,000 and your existing APR is 15.99%, you could still owe $10,036 in 5 years. But if you made payments on an NEA Personal Loan® at 15.99% APR for 5 years, your debt would be paid in full!3
1. Exclusions and limitations may apply. Please call a loans specialist for details. The NEA Personal Loan cannot be used to pay postsecondary educational expenses or tuition, or to consolidate postsecondary educational loans.
2. Your Fixed For Life APR will be established when we discuss your specific request with you and will be in the range of 10.99% Fixed For Life APR to 18.99% Fixed For Life APR, depending on your creditworthiness. Please note that all applicants may not qualify for the lowest rate. The lowest rate may not be available for the term chosen. NEA members may receive a 0.25% interest rate discount by enrolling in AutoPay. To qualify, you must set up automatic payments from a checking or savings account at the time of loan origination. When you enroll in AutoPay, a rate as low as 10.74% Fixed For Life APR may be available, depending on your creditworthiness. See the Key Information on the loan for additional details.
3. Your repayment terms will depend on your APR and loan term for which you qualify. Example: On a 15.99% Fixed For Life APR loan you will have (1) 36 monthly payments of $35.15 per $1,000 borrowed; or (2) 48 monthly payments of $28.34 per $1,000 borrowed; or (3) 60 monthly payments of $24.31 per $1,000 borrowed; or (4) 72 monthly payments of $21.69 per $1,000 borrowed. Your Fixed For Life APR will be in the range of 10.74% Fixed For Life APR (if you are enrolled in AutoPay) to 18.99% Fixed For Life APR. See the Key Information on Your Loan for additional details regarding a Debt Consolidation or Personal Loan.
4. Examples are for illustrative purposes only and are based on revolving debt payments with a 15.99% APR and assumes making minimum payments of 2% of balance with beginning balances totaling $15,000, compared to making on-time NEA Personal Loan® payments of $364.69 at 15.99% Fixed For Life APR for 60 months and $15,000 beginning balance. Your savings may be less based on your actual APR and loan terms.
Loans are made and serviced by First National Bank of Omaha (FNBO®).